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Former Water Valley Loan Officer Arrested

United States Department of Justice

United States Attorney’s Office, Norther District of Mississippi

PRESS RELEASE

FOR IMMEDIATE RELEASEOctober 6, 2015

Former Water Valley Loan Officer Arrested

OXFORD, Miss. - United States Attorney Felicia C. Adams, Special Agent in Charge, FDIC – Office of Inspector General, Dallas Regional Office, Laurie L. Younger, and Special Agent in Charge, USDA – Office of Inspector General, Southwestern Region, Patrick Munday announced today that William J. Pullen, age 38 of Water Valley, MS, was arrested last week on Federal Bank Fraud charges. Pullen has entered a plea of not guilty to all counts of an Indictment charging him with Bank Fraud in violation of Title 18, United States Code, Section 1344 and Embezzlement by a Bank Officer in violation of Title 18, United States Code, Section 656. On both counts of the Indictment, Pullen faces a maximum of thirty years in prison, a $1,000,000 fine, five years of post-release supervision and restitution in the amount of loss.

Pullen was released pending his trial on a $5,000 secured bond. His trial is currently set for November 23, 2015.

This matter is being handled by the United States Attorney's Office for the Northern District of Mississippi, FDIC – Office of Inspector General, Dallas Regional Office and USDA – Office of Inspector General, Southwestern Region.